PAX Gold (PAXG) Reaches One Day Trading Volume of $9.88 Million

PAX Gold (PAXG) traded up 0.2% against the U.S. dollar during the 1 day period ending at 14:00 PM E.T. on January 25th. One PAX Gold token can currently be bought for $1,909.74 or 0.08403898 BTC on popular exchanges. PAX Gold has a market capitalization of $517.89 million and approximately $9.88 million worth of PAX Gold was traded on exchanges in the last day. During the last seven days, PAX Gold has traded 1% higher against the U.S. dollar.

Here is how other cryptocurrencies have performed during the last day:

  • Aidi Finance (BSC) (AIDI) traded down 5.1% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded 4.1% lower against the dollar and now trades at $0.0590 or 0.00000260 BTC.
  • CareCoin (CARES) traded down 4.1% against the dollar and now trades at $0.0732 or 0.00000322 BTC.
  • OmniaVerse (OMNIA) traded 1.4% higher against the dollar and now trades at $0.0020 or 0.00000009 BTC.
  • Kitty Inu (KITTY) traded 4.1% lower against the dollar and now trades at $90.60 or 0.00398993 BTC.
  • Lunar (LNR) traded 4.7% lower against the dollar and now trades at $0.0277 or 0.00000122 BTC.
  • Hokkaidu Inu (HOKK) traded 15.2% higher against the dollar and now trades at $0.0005 or 0.00000002 BTC.
  • QANplatform (QANX) traded 4.1% lower against the dollar and now trades at $6,359.68 or 0.28006346 BTC.
  • 2G Carbon Coin (2GCC) traded down 0.1% against the dollar and now trades at $135.57 or 0.00597014 BTC.
  • Lego Coin (LEGO) traded down 1.1% against the dollar and now trades at $0.0405 or 0.00000178 BTC.

PAX Gold Token Profile

PAX Gold launched on August 29th, 2019. PAX Gold’s total supply is 271,264 tokens and its circulating supply is 271,181 tokens. PAX Gold’s official Twitter account is @paxosglobal and its Facebook page is accessible here. The official website for PAX Gold is www.paxos.com/paxgold. PAX Gold’s official message board is medium.com/paxos.

According to CryptoCompare, “PAX Gold (PAXG) is an asset-backed token where one token represents one fine troy ounce of a London Good Delivery gold bar, stored in professional vault facilities. Anyone who owns PAXG has ownership rights to that gold under the custody of Paxos Trust Company. Since PAXG represents physical gold, its value is tied directly to the real-time market value of that physical gold.PAXG gives customers the benefits of actual physical ownership of specific gold bars with the speed and mobility of a digital asset. Customers are able to have fractional ownership of physical bars.On the Paxos platform, customers can convert their tokens to allocated gold, unallocated gold, or fiat currency (and vice versa) quickly and efficiently, reducing their exposure to settlement risk. PAXG is also available for trading on Paxos’ itBit exchange. PAXG will also be available on other crypto-asset exchanges, wallets, lending platforms and elsewhere within the crypto ecosystem.”

PAX Gold Token Trading

It is usually not possible to purchase alternative cryptocurrencies such as PAX Gold directly using US dollars. Investors seeking to acquire PAX Gold should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Gemini, Coinbase or Changelly. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase PAX Gold using one of the exchanges listed above.

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